TD Cowen Downgrades OneStream (NASDAQ:OS) to Hold

OneStream (NASDAQ:OS) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat.com reports. They presently have a $24.00 price objective on the stock, down from their previous price objective of $27.00. TD Cowen’s price target would indicate a potential upside of 1.69% from the stock’s current price.

Several other analysts also recently issued reports on the company. Wedbush downgraded OneStream from an “outperform” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Tuesday. Wolfe Research cut OneStream from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Loop Capital downgraded shares of OneStream from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $24.00 in a report on Wednesday. Piper Sandler cut shares of OneStream from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $24.00 in a report on Tuesday. Finally, Capital One Financial set a $24.00 price objective on shares of OneStream in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.82.

OneStream Stock Performance

NASDAQ OS opened at $23.60 on Wednesday. OneStream has a one year low of $16.51 and a one year high of $30.93. The company has a 50-day simple moving average of $19.75 and a 200-day simple moving average of $20.84. The firm has a market capitalization of $5.75 billion, a PE ratio of -49.17 and a beta of 2.04.

OneStream (NASDAQ:OS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. OneStream had a negative net margin of 14.50% and a positive return on equity of 9.65%. The firm had revenue of $154.30 million for the quarter, compared to analyst estimates of $148.16 million. During the same quarter in the prior year, the business earned ($1.06) earnings per share. OneStream’s quarterly revenue was up 19.5% on a year-over-year basis. OneStream has set its FY 2025 guidance at 0.150-0.190 EPS and its Q4 2025 guidance at 0.040-0.070 EPS. Equities analysts forecast that OneStream will post 0.05 earnings per share for the current year.

Insider Activity

In related news, CRO Ken Hohenstein sold 40,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.21, for a total value of $688,400.00. Following the completion of the transaction, the executive owned 990,961 shares in the company, valued at $17,054,438.81. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO William A. Koefoed sold 9,571 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $17.73, for a total transaction of $169,693.83. Following the transaction, the chief financial officer directly owned 206,127 shares in the company, valued at approximately $3,654,631.71. The trade was a 4.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 89,571 shares of company stock valued at $1,532,094 in the last ninety days. Corporate insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On OneStream

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in OneStream by 588.4% during the 1st quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock valued at $1,361,000 after purchasing an additional 54,505 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of OneStream by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,102,637 shares of the company’s stock valued at $23,530,000 after buying an additional 371,520 shares during the period. Optimize Financial Inc bought a new position in OneStream during the first quarter valued at about $343,000. Rhumbline Advisers acquired a new position in OneStream during the first quarter worth about $35,000. Finally, Moody National Bank Trust Division bought a new stake in OneStream in the second quarter worth about $237,000.

More OneStream News

Here are the key news stories impacting OneStream this week:

• Positive Sentiment: Hg Capital agreed to acquire OneStream in a $6.4 billion take‑private deal, driving a large intraday rally as investors priced the buyout premium. Article Title
• Positive Sentiment: Coverage and mainstream outlets flagged the Hg bid and the resulting spike in shares, amplifying retail and momentum interest. Article Title
• Neutral Sentiment: Aggregated analyst coverage pieces summarize recent rating changes and the buyout — useful for context but unlikely to move price beyond the buyout premium itself. Article Title
• Negative Sentiment: Several brokerages (Truist, Mizuho, Baird, Needham, Rosenblatt, TD Cowen and Guggenheim) moved ratings toward “hold” and trimmed price targets, signaling reduced incremental upside from here absent a higher competing bid. Article Title
• Negative Sentiment: OneStream’s CRO exercised options and sold roughly $688k of shares in the weeks before the buyout announcement, which may attract regulatory scrutiny or raise governance questions among investors. Article Title

About OneStream

OneStream Software, Inc (NASDAQ: OS) is a software company specializing in unified Corporate Performance Management (CPM) solutions. The company’s flagship OneStream XF platform consolidates financial data, budgeting and forecasting, reporting and analytics into a single, extensible cloud solution. By replacing legacy CPM applications and manual, spreadsheet-driven processes, OneStream enables organizations to streamline financial close, improve data accuracy and accelerate decision-making across the finance function.

Built on a single codebase, the OneStream XF platform offers a marketplace of prebuilt financial applications and reporting templates that can be deployed on demand.